EUR/GBP — News Archive


EUR/USD Eases as the ECB Warns of Subdued Inflation and Reports a Dovish Outlook

The European Central Bank announced that it would be maintaining its interest rates while continuing with its bond-buying program for the rest of 2017. The ECB reported that it would be keeping its base refinancing rate unchanged at 0.0%, its marginal lending facility at 0.25%, and its deposit facility rate at -0.40%.

Britain’s Pound Unable Maintain Tuesday’s Rally

The Great Britain pound was unable to maintain the Tuesday’s rally today despite better-than-expected employment data released from the United Kingdom on Wednesday.

British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit

The British pound made significant gains against major currencies as Theresa May, the UK’s prime minister confirmed that the country will opt for a hard Brexit. The British pound gained almost two cents against the US dollar and also recorded significant gains against the euro and the Japanese yen.

Pound Starts Week Sharply Lower

Fears of the “hard” Brexit continue to drive the Great Britain pound, which opened sharply lower on Monday after the weekend article from The Sunday Times.

Euro Rallies Against Major Currencies Boosted by Positive Market Sentiment

The euro recovered some of the ground it had lost against major currencies such as the US dollar and the British pound. The euro gained significant ground against the  British pound as investors took a bearish approach towards the pound sterling due to fears of a hard Brexit.

British Pound Rises Against US Dollar on Positive Economic Data in the UK

The British pound had some minor gains against the dollar on Wednesday, while remaining largely unchanged against the euro. The British currency benefited from fresh data that showed improving construction sector and higher consumer credit in the United Kingdom.

British Pound Touches Its Lowest Level Since October Against US Dollar

The British pound touched its lowest level in two months against the US dollar on Tuesday, as the greenback gained more strength against its main peers. Traders expect the US currency to continue its strong performance in the first quarter of 2017.

Great Britain Pound Remains low Despite Release of Positive Economic data

There was minimal upward movement in the Great Britain pound despite positive economic data released today by the Office for National Statistics indicating that the UK economy was experiencing positive growth. The pound rose briefly against other currencies such as the euro and the US dollar before retracing its gains.

British Pound Drops as UK Politicians Disagree on Brexit Plans

The British pound moved lower against the US dollar and the euro on Tuesday, as Scotland’s First Minister Nicola Sturgeon and UK Prime Minister Theresa May disputed over the future of the UK in the European Union.

British Pound Declines on Growing Uncertainty Towards Brexit

The British pound opened the week on a negative note today, as thin trading volumes pushed the currency lower against its major peers. Increasing uncertainty toward Brexit caused the British pound to decline for the past two weeks against the US dollar.